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F&N 2Q earnings more than double to $36 mil; declares 1.5 cents interim dividend

Samantha Chiew
Samantha Chiew4/30/2019 06:21 PM GMT+08  • 2 min read
F&N 2Q earnings more than double to $36 mil; declares 1.5 cents interim dividend
SINGAPORE (Apr 30): Fraser and Neave (F&N) says 2Q19 earnings more than doubled to $35.9 million from $15 million a year ago.
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SINGAPORE (Apr 30): Fraser and Neave (F&N) says 2Q19 earnings more than doubled to $35.9 million from $15 million a year ago.

This brings 1H19 earnings to $73.8 million, 81% higher than $40.8 million in 1H18.

Revenue for the quarter grew by 3.4% to $467.4 million from $452.1 million a year ago, mainly due to higher contributions from dairies operations, particularly from the group’s associated company in Vietnam, Vinamilk.

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